AMCON Distributing (NYSEAMERICAN:DIT) Issues Quarterly Earnings Results

AMCON Distributing (NYSEAMERICAN:DITGet Free Report) posted its quarterly earnings results on Monday. The company reported ($2.34) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $715.65 million during the quarter. AMCON Distributing had a net margin of 0.01% and a return on equity of 0.38%.

AMCON Distributing Trading Up 2.6%

DIT opened at $94.02 on Wednesday. The stock has a market capitalization of $92.14 million, a PE ratio of 201.47 and a beta of -0.09. The firm’s fifty day moving average price is $82.08 and its 200 day moving average price is $77.65. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.64 and a quick ratio of 0.98. AMCON Distributing has a 12-month low of $63.28 and a 12-month high of $95.59.

Institutional Trading of AMCON Distributing

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC boosted its stake in AMCON Distributing Company (NYSEAMERICAN:DITFree Report) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,008 shares of the company’s stock after acquiring an additional 136 shares during the period. Empowered Funds LLC owned 0.46% of AMCON Distributing worth $333,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 11.14% of the company’s stock.

About AMCON Distributing

(Get Free Report)

AMCON Distributing, headquartered in Brentwood, Tennessee, operates as a wholesale distributor of tobacco, vaping products and convenience store items. The company’s core portfolio includes cigarettes, smokeless tobacco, e-liquids, snacks, beverages and general merchandise. Through its network of regional warehouses and dedicated delivery fleet, AMCON serves convenience stores, independent retailers, gas stations and small grocery outlets, offering daily restocking and inventory management solutions tailored to each customer’s needs.

Covering multiple states across the Southeastern and South Central United States, AMCON maintains distribution points in Tennessee, Georgia, Alabama, Kentucky, Mississippi and portions of Florida and Texas.

Further Reading

Earnings History for AMCON Distributing (NYSEAMERICAN:DIT)

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